China's fixed-asset investment up 24.4% in first ten months

10:23, November 11, 2010      

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China's urban fixed asset investment rose 24.4 percent in the first 10 months year on year to hit 18.76 trillion yuan (2.83 trillion U.S. dollars), China's statistics authority said Thursday.

The growth rate was 0.1 percentage points lower than that during the first nine months, according to figures released by the National Bureau of Statistics (NBS).

The urban investment in the primary, secondary and tertiary industries rose by 17.2 percent, 22.3 percent and 26.4 percent respectively.

During the first 10 months, property development investment was up 36.5 percent year on year to reach 3.81 trillion yuan, the figures showed.

During the same period, state-owned and state-controlled investment reached 7.8 trillion yuan, up 19.2 percent from a year earlier, but the growth rate was down by 0.3 percentage points from the January-September period.

Investment in central government projects rose 10 percent year on year to 1.48 trillion yuan, while investment in local government projects was also up 25.9 percent to reach 17.27 trillion yuan, according to the NBS figures.

Source: Xinhua


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